Call reports 2002
SOUTH SOUND BANK — 2002
What SOUTH SOUND BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 45,220,000 | 53,008,000 | 53,551,000 | 56,561,000 |
| Total loans | 34,522,000 | 38,320,000 | 43,720,000 | 49,252,000 |
| Allowance for loan losses | 414,000 | 460,000 | 524,000 | 591,000 |
| Securities available for sale | 1,252,000 | 3,268,000 | 1,785,000 | 3,288,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 39,966,000 | 47,514,000 | 47,916,000 | 50,648,000 |
| Interest-bearing deposits | 33,866,000 | 40,697,000 | 40,130,000 | 42,788,000 |
| Noninterest-bearing deposits | 6,100,000 | 6,817,000 | 7,786,000 | 7,860,000 |
| Equity capital | 5,000,000 | 5,193,000 | 5,409,000 | 5,684,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 805,000 | 1,652,000 | 2,651,000 | 3,791,000 |
| Interest expense | 209,000 | 442,000 | 703,000 | 942,000 |
| Net interest income | 596,000 | 1,210,000 | 1,948,000 | 2,849,000 |
| Noninterest income | 45,000 | 82,000 | 131,000 | 199,000 |
| Noninterest expense | 491,000 | 986,000 | 1,487,000 | 2,019,000 |
| Provision for loan losses | 26,000 | 72,000 | 146,000 | 212,000 |
| Pretax income | 124,000 | 235,000 | 447,000 | 818,000 |
| Income tax | 0 | 0 | 0 | 107,000 |
| Net income | 124,000 | 235,000 | 447,000 | 711,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,999,000 | 5,176,000 | 5,389,000 | 5,666,000 |
| Total capital | 5,413,000 | 5,636,000 | 5,913,000 | 6,257,000 |
| Risk-weighted assets | 38,103,000 | 42,100,000 | 47,131,000 | 52,778,000 |